ATLANTA — The Metropolitan Atlanta Rapid Transit Authority (MARTA) is quietly becoming a player in the real estate world, as the agency has pushed forward with plans to develop under-used parking lots at three stations into mixed-use commercial and residential buildings, CityLab reported.
MARTA officials expect the new transit oriented development program to pay off twice over: first, by pumping revenue from the projects back into the system's trains and buses, and second, by enticing residents who move into the buildings onto the trains, according to the report.
